Monday, October 3, 2011

Princess Pelosi Throws Pearls at the Middle Class

Princess Pelosi is astounded at the charge that Democrats are playing one group of citizens against another. That charge of course is class warfare:

“Am I missing something here?” Rep. Nancy Pelosi (D-Calif.) asked Sunday at the 2011 New Yorker Festival. “That is an illegitimate charge in a country that has life, liberty and the pursuit of happiness in its founding documents.”

And isn’t it convenient that the princess would invoke our founding documents, especially after she denounced our Constitution as antiquated.

But I digress. The princess has more gems of wisdom:

“We reward success. I’ve got these pearl earrings,” she joked. “God bless [corporations] for their success, God bless the shareholders who participate in that success. But let’s not forget the workers who contributed to that success. And as long as productivity and wages continue to go like that — productivity up, wages not rising in any relation to productivity — we’re going to have an erosion of the middle class. We’re going to have people slipping down from it. Most people in the country, no matter how poor they are, believe they are in the middle class, and that’s where they want to be, and we have to honor that aspiration.”

The reason we have an erosion of the middle class is because we have companies fleeing the United States, thanks to the regulatory state and burdensome taxes that her Grace has helped to create. The princess doesn’t reward success. She demeans it and taxes it. And if you don’t fit into her little rubric of what a company exist for, then you can kiss your business goodbye.